Economy

• Thursday, September 13th 2018 - 08:36 UTC

  Ciro Gomes pledges to de-concentrate Brazil's banks, and to help 63 million listed as delinquent debtors

  

  Center-left populist presidential candidate Ciro Gomes vowed on Wednesday to reduce concentration in Brazil's banking sector if elected in October, warning that he would open the sector up to more foreign competition if necessary.

• Thursday, September 13th 2018 - 06:20 UTC

  “Extremely dangerous major” hurricane Florence advancing on the Carolinas

  

  Hurricane Florence, one of the strongest storms to threaten the East Coast of the United States in decades, continued to swirl in the Atlantic on Wednesday night on a path that is taking it dangerously closer to the Carolinas. Meanwhile, another storm system in the Atlantic gained strength on Wednesday and was named subtropical Storm Joyce.

• Wednesday, September 12th 2018 - 08:55 UTC

  Argentina's central bank keeps key interest rate at 60%

  

  Argentina's central bank kept its key interest rate on Wednesday at 60%, one of the highest in the world, following a surprise hike two weeks ago after the peso plunged. Central bank officials said in a statement that inflation accelerated in August and continues to do so September, citing high-frequency data.

• Wednesday, September 12th 2018 - 08:45 UTC

  Brexit fears: UK oil and gas industry concerned about contracting skilled workers

  

  Oil and gas platforms could have to be shut down if a deal on Brexit leads to difficulties accessing skilled workers, according to an industry report. The warning comes in Oil and Gas UK's latest economic report which said delays in accessing labor markets from EU countries have the potential, in some instances, of leading to production being shut in.

• Wednesday, September 12th 2018 - 08:38 UTC

  Brexit controversy: dissident Tory MPs meet to discuss how and when to dump Theresa May

  

  Conservative MPs opposed to Theresa May's Brexit plan have met to discuss how and when they could force her to stand down as prime minister. Around 50 members of the European Research Group (ERG) openly discussed “how best you game the leadership election rules,” a source said quoted by BBC.

• Wednesday, September 12th 2018 - 08:30 UTC

  Brazilian equities and currency slump on Tuesday on latest opinion polls

  

  Brazilian equities and currencies slumped on Tuesday after an opinion poll on the presidential election showed leftist candidates gaining ground while market-friendly centrists did not.

• Wednesday, September 12th 2018 - 08:21 UTC

  Brexit threatening prospects of Jaguar and Land Rover, according to Tata Motors

  

  Protracted Brexit talks are weighing on the recovery prospects of Jaguar Land Rover, according to its Indian owner. The focus of Tata Motors, which bought JLR in 2008 from Ford, is to ensure the automaker remains financially strong in the face of the challenges, Tata Sons Chairman Natarajan Chandrasekaran said in an interview over the weekend. Tata Sons is the parent of Tata Motors.

• Wednesday, September 12th 2018 - 08:13 UTC

  Argentina equities and Peso slide, in line with Brazil's political situation

  

  Argentine equities and the Peso continued on Tuesday their slide amid global trade tensions, uncertainty about Argentina's 2019 fiscal budget, talks between the government and the International Monetary Fund and the political situation in Brazil, which together with China are Argentina's main trade partners

• Tuesday, September 11th 2018 - 09:50 UTC

  Macri will receive the Global Citizen Award for his commitment to economic reform

  

  Mauricio Macri, president of Argentina, Erna Solberg, Prime Minister of Norway and Hamdi Ulukaya, founder, chairman and CEO of Chobani and founder of the Tent Partnership for Refugees, will be honored by the Atlantic Council with the Global Citizen Awards, during a ceremony on the evening of September 24 in New York, NY. All three distinguished honorees have confirmed attendance and will speak at the event.

• Tuesday, September 11th 2018 - 09:29 UTC

  El Niño 2018/19 could be a repeat of 2015/16, cautions WMO

  

  There's a 70% chance of a recurrence of the El Niño weather event before the end of this year, according to the World Meteorological Organization. The last El Niño occurred in 2015-16 and impacted weather patterns around the world, but researchers say they are not expecting this new one to be as intense as 2015-16.